CO > Rifle > Murphy
Rifle, CO 81650,337 E 5 th Street
Rifle, CO 81650,337 E 5 th Street
Rifle, CO 81650,337 E 5 th Street
Rifle, CO 81650,337 E 5 th Street
Rifle, CO 81650,337 E 5 th Street
Rifle, CO 81650,337 E 5 th Street
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
22
Nov
Sun
23
Nov
Mon
24
Nov
Kolton Morrison

Kolton Morrison

+1(970) 445-0441
Listed by Keller Williams Colorado West Realty (GWS)
$ 750,000
Est. payment | /mo

5 Beds

6 Baths

6,824 SqFt

Save
$ 750,000
Est. payment | /mo
Save

5 Beds

6 Baths

6,824 SqFt

Key Details

Property Type Single Family Home

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 6,824 sqft

Price per Sqft $109

Subdivision Murphy

MLS Listing ID 190859

Bedrooms 5

Full Baths 5

Half Baths 1

HOA Y/N Yes

Year Built 1911

Annual Tax Amount $3,090

Tax Year 2024

Lot Size 1 Sqft

Property Sub-Type Residential Income

Source Aspen Glenwood MLS

Property Description

Fully Occupied fourplex with positive cash flow. 337 E 5th Street offers a rare opportunity to acquire a well-maintained four-unit property generating $6,900/month in gross rental income with a self managed 8.45% cap rate or 7.4% cap rate with professional management. This income-producing asset includes a spacious 3 bed / 2.5 bath unit, two comfortable 1 bed / 1 bath units, and a roomy studio for a balanced mix that attracts a broad range of tenants.

Rifle's rental market continues to show strong, steady demand, fueled by a stable local workforce, limited rental inventory, and proximity to key industries like energy, healthcare, and outdoor recreation. With a gross annual income of $82,880, this property delivers immediate cash flow in a market where vacancy rates remain low.

The building has been well cared for, making it a true plug-and-play investment with potential for rent growth and long-term appreciation. Rifle is widely considered a strong buy-and-hold market, with both property values and rental rates trending upward. This is the kind of opportunity investors look back on and wish they took the opportunity when they had the chance.

Location

State CO

County Garfield

Community Murphy

Area Rifle

Zoning Res

Direction Whitewater to 5th St, east on 5th St

Interior

Heating Forced Air

Cooling Central Air

Inclusions Oven, Refrigerator, Dishwasher

Exterior

Roof Type Composition

Garage No

Building

Water Public

New Construction No

Others

Tax ID 217716106005

Acceptable Financing New Loan, Cash

Listing Terms New Loan, Cash

Aspen Glenwood Springs MLS (AGSMLS)
Kolton Morrison

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 445-0441

kolton@koltonmorrison.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Kolton Morrison, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

337 E 5 th Street